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MARKET ACTIVITY LAGUNA BEACH | FEBRUARY 2024
lagunabeachindy . com FEBRUARY 9 , 2024 9

BOB CHAPMAN WHEN EXPERIENCE MATTERS ... NOW MORE THAN EVER !

MARKET ACTIVITY LAGUNA BEACH | FEBRUARY 2024

IT ’ S A NEW YEAR , MORTGAGE RATES TOPPED OUT , HEADING DOWN ? WHAT ’ S NEXT ? 2021 & 2022 MEDIAN AND AVERAGE PRICE INCREASES SOARED - UNTIL 2023
2024 [ 1 / 01 / 2024 - 1 / 31 / 2024 ] CLOSED SALES ( 16 ) ↓ DOWN -1 % OVER 2023 ( 17 )
MEDIAN AND AVERAGE PRICE INCREASES SOFTENING : ↓ DOWN 5 % - 11 % FROM 2022 , BUT STILL ↑ UP 4 % - 58 % OVER EACH OF THE PREVIOUS 5 YEARS .
MEDIAN $ RATE
AVERAGE $ RATE
2024 MEDIAN PRICE IS

$ 2,695,000
2023
$ 2,850,000
-1%
2022
$ 3,000,000
-10%
2021
$ 2,670,000
+ 1 %
2020
$ 2,000,000
+ 34 %
2024 AVERAGE PRICE IS

$ 4,404,807
2023
$ 3,644,930
20 %
2022
$ 4,137,885
+ 6 %
2021
$ 3,497,338
+ 25 %
2020
$ 2,724,349
+ 61 %
VERSUS
2019
$ 1,900,000
+ 41 %
2018
$ 1,842,000
+ 46 %
VERSUS
2019
$ 2,672,437
+ 64 %
2018
$ 3,121,740
+ 41 %
ACTIVE INVENTORY IS STILL AT HISTORIC LOW LEVELS , BUT INCREASING
THE MARKET IS STILL RECALIBRATING LAGUNA BEACH 2022 & 2023 MONTHLY CLOSED SALES YEAR OVER YEAR BEGINNNG TO INCREASE
MONTH # OF SALES MONTH # OF SALES % CHANGE MONTH # OF SALES MONTH # OF SALES % CHANGE
Aug-23
25
vs
Aug-22
41
-39%
Sep-23
28
vs
Sep-22
20
+ 40 %
Oct-23
17
vs
Oct-22
19
-10%
Nov-23
23
vs
Nov-22
16
+ 43 %
Dec-23
18
vs
Dec-22
12
+ 50 %
Jan-24
16
vs
Jan-23
17
-1%
Jan-24 16
vs
Jan-23
17
-1%
vs
Jan-22
26
-38%
vs
Jan-21
33
-51%
vs
Jan-20
17
-1%
vs
Jan-19
32
-27%
vs
Jan-18
30
-46%
LAGUNA BEACH | CLOSED MLS SALES JANUARY : 1 / 1 / 2024 - 1 / 31 / 2024
ADDRESS
BED | BATH
LOT SIZE
PRICE
SOLD DATE
1375 Bluebird Canyon Dr
3 | 3
4,000
$ 2,200,000
1 / 30 / 2024
7 Montage Way
6 | 9
12,632
$ 31,000,000
1 / 25 / 2024
235 Calliope Street
2 | 3
$ 1,550,000
1 / 22 / 2024
62 Lagunita Drive
3 | 2
6,283
$ 3,845,000
1 / 22 / 2024
1880 Capistrano Avenue
3 | 2
2,500
$ 2,150,000
1 / 19 / 2024
455 Brooks Street
3 | 4
4,677
$ 3,510,000
1 / 19 / 2024
259 Lower Cliff Drive # 3
2 | 2
$ 2,316,915
1 / 17 / 2024
1759 Glenneyre Street
5 | 5
7,500
$ 2,700,000
1 / 12 / 2024
ADDRESS
BED | BATH
LOT SIZE
PRICE
SOLD DATE
1339 La Mirada Street
3 | 3
6,700
$ 2,690,000
1 / 10 / 2024
22332 Eagle Rock Way
4 | 3
6,570
$ 3,135,000
1 / 10 / 2024
950 Hillcrest Drive
4 | 5
6,098
$ 4,625,000
1 / 9 / 2024
1125 Keller Way
3 | 3
12,000
$ 1,820,000
1 / 5 / 2024
477 Center Street
2 | 2
7,500
$ 3,325,000
1 / 3 / 2024
54 La Costa Court
3 | 3
2,800
$ 830,000
1 / 2 / 2024
977 Noria Sreet
3 | 2
2,500
$ 1,780,000
1 / 2 / 2024
31522 Toto Loma Lane
3 | 3
8,306
$ 3,000,000
1 / 2 / 2024
Individual and Personal Attention from Listing to Closing , Selling or Buying
Based on information from California Regional Multiple Listing Service , Inc . as of 1 / 7 / 2024 and / or other sources . All data , including all measurements and calculations of area , is obtained from various sources and has not been , and will not be , verified by broker or MLS . All information should be independently reviewed and verified for accuracy . Properties may or may not be listed by the office / agent presenting the information . If your property is currently listed for sale , this is not intended as a solicitation of that listing .
BOB CHAPMAN
949 541 1223 bobchapman @ coastlaguna . com DRE No . 00714528